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CLO calls will increase, predicts Wells Fargo
11 years ago
A sizeable majority of CLOs called in the last three years have come from just three vintages, according to analysis by Wells Fargo -
Venture VII CDO: MJX responds
11 years ago
New York-based manager CLO MJX has written to investors in its Venture VII CDO criticising the article published in Creditflux yesterday -
Debt investors scramble to block life-changing amendment to MJX CLO
11 years ago
Debt investors in a MJX-managed CLO are scrambling to block a proposal that would add years to the expected life of the deal -
Bond-for-loan trades are good for senior European CLOs, says Moody's
11 years ago
Moody’s notes that large bond issues by higher quality issuers are a good thing for holders of senior debt in amortising European CLOs -
Guggenheim plays waiting game on CLO monster bond bucket
11 years ago
Strategy emerges for a large CLO with a ground-breaking structure -
When triple A is not enough: senior CLO buyers demand extra protection
11 years ago
Super senior CLO tranches are muscling their way back into CLOs -
More aggressive CLO pricing assumptions are justified, says RBS
11 years ago
RBS has pubished its outlook for CLOs next year and has taken a look at pricing assumptions used by new CLOs -
Investors place towering bids for callable CLO 2.0s
11 years ago
Secondary CLO buyers rushed out to bid on a couple of rare bonds yesterday – callable CLO 2.0 triple-As. -
Euro CLO manager gains approvals for long-dated asset purchases
11 years ago
Rating agency confirmation has paved the way for a CLO manager to buy long-dated collateral -
Apollo makes break-through in push for large cov-lite buckets
11 years ago
Senior investors have resisted the inclusion of large cov-lite buckets in CLOs, but a breakthrough was made last month -
Halcyon plumps up CLO structured buckets
11 years ago
A handful of CLO managers have recently stocked up their structured finance buckets with CLO 2.0 investments and CLO-i data shows that Halcyon is leading the way. -
JP Morgan concocts hypothetical euro CLO 2.0
11 years ago
In its latest research piece JP Morgan has drawn up a hypothetical European CLO 2.0 structure -
Codean adds amend-and-extend functions to CLO software
11 years ago
CLO analytics firm Codean has announced that it has released a new version of its product -
New rules could turn CLO managers into prop traders, warns speaker
11 years ago
Loan market participants gathered yesterday for the annual LSTA conference in New York where upcoming legislation governing CLOs was a hot topic. -
Beware of CLO WAL language, cautions Wells Fargo
11 years ago
Wells Fargo has cast its eye over CLO weighted average life requirements in a recent research report. -
CLO managers shake up structured buckets
11 years ago
CLO managers are preparing for the end of the reinvestment periods in their funds by utilising their structured finance buckets to the full -
New issue CLOs offer greater value than secondary paper, finds RBS
11 years ago
In the latest edition of its CLO Market Review, RBS has pitted legacy CLOs against new issue deals to determine where investors can extract the greatest value -
One in five US CLOs face post-reinvestment call, says Morgan Stanley
11 years ago
Around 19% of US CLOs that have left their reinvestment period are candidates to be called, according to Morgan Stanley -
Top CLO investors will meet to tackle new market threats
11 years ago
Taking place on 13 November in New York, the CLO Investor Emerging Issues Summit will bring together some of the leading investors in CLOs -
CLO manager fees have recovered post-crisis, finds Moody’s Analytics
11 years ago
The average US CLO pays a senior fee of 18 basis points and a junior fee of 34bp, according to new analysis by Moody’s Analytics. -
Emergence of short-dated loans boosts junior CLO investors, says Moody's
11 years ago
Junior CLO noteholders could be the primary beneficiaries as issuers increasingly looking to carve out short-dated loan tranches -
CLO managers push for investor transparency as tax rule looms
11 years ago
FATCA compliant language is regularly being implemented into new CLO docs and now managers are pushing for the next step in the evolution of the market -
Manager moves to amend docs to stop principal payments to equity
11 years ago
Three CLOs managed by Goldman Sachs have had their ratings put under review by Moody’s after a quirk in their structure resulted in equity investors receiving principal payments whilst the CLOs’ debt remain outstanding.
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